Via Channel News Asia:
SINGAPORE : Singapore mainboard-listed healthcare group Parkway Holdings is giving up control of Malaysia’s Pantai Holdings.Under a deal announced on Monday, Parkway says it is selling its 31 percent stake in the healthcare company to a fully-owned unit of the Malaysian investment firm Khazanah Nasional.
You can’t be wrong with the "feel good factor" from Khazanah’s managing director Azman Mokhtar.
Khazanah has identified the healthcare sector as one of the key new strategic sectors to invest in as part of our broader investment strategy.
And "NO", it’s "NOT" driven by the need to regain control of Pantai by Malaysian interests.
However the "backdoor factor", Parkway’s acquisition of Pantai, which holds two government healthcare concessions, came under scrutiny recently with attempts by political parties to reverse the normal business transaction for political reasons.
Apparently, Rocky is getting more and more desperate on his unanswered question.
Related posts:
LOL, SK, gua tag sama lu. Go enjoi..
http://chanlilian.net/2006/08/27/puisi-bulan-kemerdekaan-meme/
This is bailout and it is really disgraceful for the government to inject rakyat’s money to safeguard their political interest.
Buy back, but at what price? Rakyat’s money, of course!